Kittirat says many banks interested in lending to government

[webfact]

Kittirat says many banks interested in lending to government



BANGKOK: -- Caretaker Finance Minister Kittirat na Ranong said today that many commercial banks have now shown interest to provide rice loans to the caretaker government to pay farmers.

He said that these banks have gained understandings of the scheme and have expressed interest to extend loans to the caretaker government.

He said the caretaker government was ready to sign the loan agreements immediately once they propose appropriate lending rates.

But he said he could not reveal their names on fear that anti-government protesters could again go to blockade these banks if they have the information.

He said that after the loan signing, farmers who have rice vouchers could go to these banks to get full amount of payments stated in their vouchers.

Kittirat also asked farmers to understand the government’s obstacles in securing loans, while stressing its intention to help farmers.

He claimed that both the Election Commission and the Council of State had agreed that the caretaker government has the authority to secure loans for the rice-pledging scheme and that was not a violation of Article 181 of the Constitution

Earlier the finance minister had sought interpretation from the Council of State whether the caretaker government could borrow loan under its caretaker role.

The secretary-general of the Council of State personally ruled that it could do so.

The ruling of the secretary-general was then used by Mr Kittirat to claim the caretaker government’s authority to seek loans from commercial banks.

But commercial banks were hesitated and rejected to provide loans to caretaker government because of the disputed legal obligation.

The Election Commission also said the caretaker government could seek loan but this had to be done on its own risk.

Source: http://englishnews.thaipbs.or.th/kittirat-says-many-banks-interested-lending-government/


-- Thai PBS 2014-02-11

[terryp]

Must be a white "rice" lie

[casindonet]

Hehehheheee.....I just love this guy....Mr. White Lies.

Sent from my GT-I9200 using Thaivisa Connect Thailand mobile app

[thesetat2013]

As it will be the caretaker gov responsibility then a bank should give YL the loan. Let her foot the bill and dont wait to seize her assets when she defaults.

Sent from my GT-S5310 using Thaivisa Connect Thailand mobile app

[Crushdepth]

Banks such as....

???

[LadPhrao123]

Make it so Minister Kittirat!

"What is acceptable we call acceptable; what is unacceptable we call unacceptable. A road is made by people walking on it; things are so because they are called so. What makes them so? Making them so makes them so."

Chuang-tzu

[tominbkk]

Mr. KittyCat is purring pretty loud lately! Rawr!

[rkidlad]

"He said that these banks have gained understandings of the scheme and have expressed interest to extend loans to the caretaker government"

What's the understanding exactly? You can have a slice of the pie, too?

[Nickymaster]

He claimed that both the Election Commission and the Council of State had agreed that the caretaker government has the authority to secure loans for the rice-pledging scheme and that was not a violation of Article 181 of the Constitution

Really? I thought PT said that because they are the CARETAKER government, they couldn't borrow money. Which is Suthep's fault (according to PT). Interesting

He said the caretaker government was ready to sign the loan agreements immediately once they propose appropriate lending rates.

But he said he could not reveal their names on fear that anti-government protesters could again go to blockade these banks if they have the information.

Next week he will say: The banks where ready to give money but the PRDC went to the banks and now the banks cancelled the loans.

[Tatsujin]

No need for commercial loans, they're taking it all from the Central Fund now.

Edited February 11, 2014 by Tatsujin

[patjem]

'White lie'? Nah.... absolute bull$#!t, Kitty.

[rubl]

.. and a flock of pigs flew past again.

PS the green ones can be seen on TV in the advertisement of a brand of instant noodles with pork flavour

[Baerboxer]

Banks such as....

???

Well, you know how all those G2G bank deals were so secret? This is just the same. They only really exist in his imagination. But, remember, it's o k to tell some little white lies if it makes the people happy. Perhaps some farmers may take a little comfort from this latest story. The usual hints, smoke and mirrors and no hard facts.

[djjamie]

It does get tiring highlighting the PTP's incompetence and lying suffice to say this story of Kittirat's has more holes in it than swiss cheese.

[h90]

self delete: weak joke

Edited February 11, 2014 by h90

[MaxLee]

Kittirat says many banks interested in lending to government

Thank you, Siiiiiir , for causing MORE panic to your taxpayers. I guess now every taxpayer victim will be out at the bank to save their own assets while they can,...

thank you for causing more BLACK-ABYSS-WHITE-LIE-PANIC ,... you,.... you,.... (*I gotta restrain myself*)

Dear Rice farmers, raid this scumbug, while you can....

Edited February 11, 2014 by MaxLee

[Blackmirage2013]

I swear this Kittirat looks like the evil villian in the next James Bond movie...

If his career in finance does not work out, I'm sure we will be seeing him on the Big Screen soon.....

You read it hear first, on THAI VISA

[Centrum]

I'm pretty sure that all farmers throughout Thailand will have received their outstanding payments by, hmm, the end of the month!

Well, I'm pretty sure that all farmers throughout Thailand will have been promised their outstanding payments by, hmm, the end of the month!

HTF could anyone seriously vote for this bunch of idiots?

[Costas2008]

And the Banks answered...........Piss off Khun Kittirat, we don't run our business as irresponsible as your government does.

And also we look after our people, not as you, ignore, the wishes and needs of the people of Thailand.

Edited February 11, 2014 by Costas2008

[bigbamboo]

I wondered how long Kittikat the Lying King would lie low and see how the land lies before he lied to the public again.

The problem the Finance Minister has is that no one believes a word he says anyway... the banks, the financial markets, the credit agencies, even red shirted farmers don't trust him after not leaving enough money in the pot to pay them. He is even an embarrassment to Pheu Thai and that's really saying something.

typo

Edited February 11, 2014 by bigbamboo

[Robby nz]

Earlier the finance minister had sought interpretation from the Council of State whether the caretaker government could borrow loan under its caretaker role.

The secretary-general of the Council of State personally ruled that it could do so.

So he has found someone to blame if anything goes wrong.

For as we already know.

The Election Commission also said the caretaker government could seek loan but this had to be done on its own risk.

And the risk was unacceptable for it would have meant taking responsibility for their own actions.

[GeorgeO]

Banks such as....

???

Another smoke screen. They will blame the anti-government protesters when it fizzles out...!

[spirit47]

From whom he borrow the face in the picture? He lost his face already...

[smedly]

Mr Kittrat might not want to disclose but I suspect the banks have a legal duty to their investors/depositors to be open and transparent

[SamMunich]

Mr Kittirat should be appointed official joking member of the prevalent caretaking government.

After I read the post, that the government found banks willing to lend money I had to laugh so violently, I damaged my stomach from LOL. Will send "the Joker" my medical bill...

[Loles]

Banks such as....

???

....

Thai Many Banks PCL

I guess

[Prbkk]

The reluctance to name them might have something to do with the likelihood of a feral mob and a mad monk descending on the office

[robblok]

The reluctance to name them might have something to do with the likelihood of a feral mob and a mad monk descending on the office

Maybe.. or that people would pull back their money (just as I would).

But the public has a right to know.

But i find the other possibility of that there are no banks that want to loan the money and that this is all a big lie much more believable. It is not like he has a good track record.

[Prbkk]

The reluctance to name them might have something to do with the likelihood of a feral mob and a mad monk descending on the office

Maybe.. or that people would pull back their money (just as I would).

But the public has a right to know.

But i find the other possibility of that there are no banks that want to loan the money and that this is all a big lie much more believable. It is not like he has a good track record.

Yes, I can't disagree with you about transparency but it certainly wouldn't bother me if my bank is involved

[LuckyLew]

Look at the smirk on his face ... even he does not believe he is spewing such BS